Suncorp changes product policy

The lender has made several credit policy chnages to help it comply with the upcoming National Consumer Credit Protection Act, which come into effect from 1 January.

The credit policy changes include asking for extra detail on a customer’s monthly living expenses and extending the serviceability buffer from 0.65 per cent to 1.25 per cent.

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Written by Staff Reporter

Last Updated: 09 March 2022

Published: 25 November 2010